Crystal River current. [volume] (Crystal, Colo.) 1886-18??, 1887-07-02
The Coming Mining Revival.

The impression is gaining ground
that there is to be a revival soon in
the interest of mining in Colorado.
Next year is generally put down as
the year when the revival is to take
place. We believe with the rest of
mankind that the thing is to be as
indicated. If we had no other reas-
on for such belief we would be JUS
tilted in joining the thing simply
by the fact that everyone else is in
it and feels that way. It is an old
saying that what every body be-
lieves to be true, must be true, and
such must certainly be the case in
matters of business. It is conf
dence which more than anything
else makes flush times. 1t is con-
fdence which booms this stock, or
a want of it which lets that one down.
If every body believed that Rio
Grande would be worth 200 next
week it would be worth it, because
the demand for the article would be
but little behind the confidence in
it.
1t is with mining as with any 9th
er class of business. The general
predictions OF success will do mere
than anything else to make success
certain.
There is, however, one difference
in the present case from the others
which we have been considering.
The conviction to which we have
referred, that mining will regain its
popularity as an industry and as a
field of investment, is at present
largely confined 70 the mining
States and Territories. A revival in
this industry would be no revival
ct all if it did not attract attention
and capital from the outside. II
takes great deal Of money to de-
velope great many mines. No
western State has the capital to
make a mining boom. We mus
look to the East to do this.
Will the East do it? There arc
causes at work which lesd Us t.
think that it will, and some Of these
causes are the came which Lave
brought ebout tie general co.avic-
ton that it viii, ard some OF these
causes are the came which have
brought about The general con7ic-
ton that mining IS On the cave Ct 3
prosperous era.
Among these causes is the feet
that mining has done SO well Of it.
SELF, when unaioed by outside in
euence. The mines, and especially
the Colorado rines, have gene CT
year after year, adding millions Up
cn millions to the worlds store OF
precious metals, in the face Of bias
phemous stuitiiication and outrage
Gus disparagement, dispite the fact
that silver has been sneeraa at and
robbed o. cne-fourth Of its value,
and regardless Of the absence CT
eastern encouragement. These
facts about The mines command
them to tne business world. When
attention is once invited to such
circumstances they must meet with
favourable regard. The industry
which can make its own way, like
the man who can make his, is always
sure to receive assistance. Once
the belief goes abroad that there is
money to be made in mines, inves-
tors will take hold of them, with
caution at first, and soon with
fervor.
Other causes will be found in
the failure of other industries and
investments to offer large returns.
The panics in the stock boards, the
many failures nswheat and coffee
speculations, will all have their infu-
ence. The mines offer splendid field
to the speculator. They are certainly
as safe as betting on margins
They indeed offer larger returns,
and the man who mines can gen
orally stop in time to save something
even if he loses. He can't do that
in betting on margins.
But there are so many good mines.
and mining can be put upon such
scientific and sure basis these days
that it may be made about as sure
as any other business. This is the
IL. l. i,